Banking/Finance

With one month left in 2014, it has been a better than average year for US stock investors. Through late November, the US stock market, as measured by the S&P 500, has witnessed a total return of nearly 14 percent. That compares well to the longer-term 50-year compound annual growth rate of nearly 10 percent for the U.S. stock market.

11/30/14
This year's winner, Common Ground, is honored for expanding and improving services for mental health patients in Oakland County. Read about the nonprofit winner and three finalists in our special report.

11/30/14
John Bebes, nonprofit national practice leader for Plante Moran PLLC, oversees the financial review of entries in Crain's Best Managed Nonprofits contest. He talked with Crain's reporter Tom Henderson about what to look for on a nonprofit's IRS forms and where donors can go to vet a charity.

11/25/14
Former Meritor Inc. CEO Chip McClure and founder of Northstar Capital LLC Russell Youngdahl Jr. have formed a new $147.5 million private equity fund to aid small to midsized suppliers in Michigan.

11/23/14
The program has opened doors for Detroiters with loans for rehabbed homes, including Carl Hollier, who got in on a highly publicized bidding war for a house in the historic Boston-Edison district, which drew so many online viewers last May the land bank's website crashed.

11/23/14
Women who own businesses are confident about their own sales and profits over the next six months while being more cautious about the economy as a whole, according to a national survey by Pittsburgh Financial Services Group Inc., the holding company of Pittsburgh-based PNC Bank.

11/23/14
The sale of Novi-based Lotus Bancorp Inc. to Farmington Hills-based Level One Bancorp Inc., announced last week, marks the consolidation of two local banks — and an exit strategy for shareholders of Lotus, which had been embroiled in a civil rights lawsuit.

11/16/14
Minority-owned businesses in Southeast Michigan are getting a financing boost from a new $100 million fund by the Michigan Minority Supplier Development Council. The Minority Business Access Fund is designed to provide funding to small- and medium-sized businesses by providing capital not readily available by traditional banks.

11/12/14
The Minority Business Access Fund is designed to provide funding to small- and medium-size businesses by providing capital not readily available by traditional banks, Louis Green, the outgoing president and CEO of the Detroit-based Michigan Minority Supplier Development Council, announced today.

11/11/14
Louis Green, the outgoing president and CEO of the Detroit-based Michigan Minority Supplier Development Council, is expected to announce Wednesday a multimillion dollar fund to support minority businesses.

11/03/14
Under the five-year Detroit Service Corps program announced today, J.P. Morgan will send teams of employees to Detroit to help four nonprofits tackle blight, aid community development and spur small-business growth.

10/19/14
Eight long, grueling years. That's how long it's been since one of the most complicated redevelopment financing structures in Motown's history was cobbled together for the $180 million renovation of the Westin Book Cadillac Detroit on Washington Boulevard at Michigan Avenue.

10/14/14
The former chairman of Southfield-based BBC Equities LLC, now in prison for running a Ponzi scheme out of his investment firm from 2006 to 2009, wants to appeal a related $8.2 million civil judgment in favor of the U.S. Securities and Exchange Commission, without costs.